Last day of Toys "R" Us trading in Sunderland

Artists impression of the plans

Artists impression of the plans

The closure will result in the loss of 2,000 jobs.

The final trading date for Toys R Us UK stores will be April 24, with all locations closing by that day.

The retailer's administrators have confirmed over 2,000 employees will be made redundant.

Toys R Us had been facing a £15 million tax bill combined with poor sales before its failure in February.

The toy store will no longer be able to accept returns for refunds and gift cards, too, are no longer being accepted.

The devastating news came on a harrowing day for the British High Street, as within one hour of its announcement Maplin, Prezzo and Chimichanga then collapsed.

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Following a restructuring plan that failed and poor sales during the holiday shopping season in the USA, it was announced by the company in March that it would shutter its US and Puerto Rico stores.

Toys "R" Us received interim approval of the incremental financing from the US Bankruptcy Court for the Eastern District of Virginia yesterday, and final approval by the court is scheduled for April 27.

Toys R Us in Newbury Park is to close for good before the end of the month.

Its operations in Europe and Asia are said to be in a much more healthy state, with a lawyer for Toys R Us telling a USA bankruptcy court hearing yesterday that several bidders were interested in the Asian division.

Many retailers have also struggled to keep up with the rise of online retailing and a change in shopping habits.

Further "Manager's Specials" deals are available on selected products in stores.

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